Nicholas Hoffman & Company LLC. Sells 14,668 Shares of Barrick Mining Corporation $B

Nicholas Hoffman & Company LLC. cut its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 38.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,897 shares of the gold and copper producer’s stock after selling 14,668 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Barrick Mining were worth $1,041,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital International Investors increased its holdings in shares of Barrick Mining by 35.9% during the third quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock worth $3,340,709,000 after buying an additional 26,921,219 shares in the last quarter. CIBC Asset Management Inc grew its position in Barrick Mining by 316.0% during the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock worth $601,115,000 after acquiring an additional 13,891,886 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in Barrick Mining during the 2nd quarter worth approximately $211,263,000. Canada Pension Plan Investment Board acquired a new stake in Barrick Mining during the 2nd quarter valued at $172,230,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Barrick Mining by 664.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,013,464 shares of the gold and copper producer’s stock valued at $295,977,000 after purchasing an additional 7,833,887 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

B has been the topic of a number of recent analyst reports. Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Scotiabank raised their target price on Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Zacks Research cut Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. ATB Cormark Capital Markets lowered shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, UBS Group lowered their price objective on shares of Barrick Mining from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.17.

Barrick Mining Stock Up 1.0%

Shares of B opened at $38.72 on Wednesday. The business’s fifty day moving average price is $42.67 and its two-hundred day moving average price is $42.45. The firm has a market capitalization of $64.88 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.14 and a beta of 0.41. Barrick Mining Corporation has a 52 week low of $17.41 and a 52 week high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.15 billion. The business’s revenue was up 44.6% on a year-over-year basis. On average, analysts predict that Barrick Mining Corporation will post 3.56 earnings per share for the current year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.68 annualized dividend and a yield of 4.3%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio (DPR) is presently 57.34%.

Barrick Mining Profile

Barrick Gold Corporation, commonly known as Barrick, is a Toronto?headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large?scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.